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Nov 12, 2012
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they said that in their press release today. number three, a lot of their lots are still mothballed at this point. you can't grow as much as other builders on relative basis and can't get there in valuation. >> as far as horton is concerned, as we approach the $25 price target that you have, that's the buy recommendation in the wake of the results, what are your thoughts? are you mindful to raise that price target moving forward? do you think on strong gains we've had almost doubling in value that it is topping out? what's the guidance, if you like? >> there's valuation support here. horton is trading six times my normalized earnings estimate. builders trade around seven to eight times range on mid cycle basis. value in deferred tax asset. there's room for upside. i can't discuss my target directly in terms of thinking about that but horton has wings. >> is that your top pick? >> that's my only buy in the builder space given the run we've had. >> will, thank you for your time. interesting. >> thank you. >> a new report says u.s.
they said that in their press release today. number three, a lot of their lots are still mothballed at this point. you can't grow as much as other builders on relative basis and can't get there in valuation. >> as far as horton is concerned, as we approach the $25 price target that you have, that's the buy recommendation in the wake of the results, what are your thoughts? are you mindful to raise that price target moving forward? do you think on strong gains we've had almost doubling in...
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Nov 15, 2012
11/12
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maria. >> all right, court. thanks very much. our special "rise above" edition of the "closing bell" continues. we have alan simpson and erskine bowles here with me in the house. later, we'll get a reaction from etna ceo on the debt. wait until you hear their fiscal cliff contingency plans. back in a moment. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. i put away money. i was 21, so i said, "hmm, i want to retire at 55." and before you know it, i'm 58 years old. time went by very fast. it goes by too, too fast. ♪ but i would do it again in a heartbeat. [ laughs ] ♪ ♪ >>> so much pain coming from the economic downturn recession and this fiscal cliff, which is why i'm in town. there's real jeopa
maria. >> all right, court. thanks very much. our special "rise above" edition of the "closing bell" continues. we have alan simpson and erskine bowles here with me in the house. later, we'll get a reaction from etna ceo on the debt. wait until you hear their fiscal cliff contingency plans. back in a moment. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with...
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Nov 20, 2012
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by the way, hostess in bankruptcy court today. with more than 18,000 jobs on the line, the judge makes a new ruling. is there going to be a glimmer of hope to save the twinkies? we'll take a look when we come back. [ abdul-rashid ] i've been working since i was about 16. you know, one job or the other. the moment i could access the retirement plan, i just became firm about it -- "i'm done. i'm out of here." you know, it's like it just hits you fast. you know, you start thinking about what's really important here. ♪ ♪ >> a federal judge strongly suggested that hostess and a baker's union agree to mediation. we have been following the story. >> larry, hostess is saved at least for one more day. a judge will proctor talks between hostess and a baker's union. here is what hostess ceo had to say today. >> i'm happy to participate in a process where we can explore any possible solution. anything that gets people back to work, i'm all for it. but i can't handicap how it's going to go. >> if the two sides don't come to a deal, then th
by the way, hostess in bankruptcy court today. with more than 18,000 jobs on the line, the judge makes a new ruling. is there going to be a glimmer of hope to save the twinkies? we'll take a look when we come back. [ abdul-rashid ] i've been working since i was about 16. you know, one job or the other. the moment i could access the retirement plan, i just became firm about it -- "i'm done. i'm out of here." you know, it's like it just hits you fast. you know, you start thinking about...
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Nov 12, 2012
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court ruling earlier this year. htc up 6.8% respect apple up 0.4%. a and in japan, signs that o olympus may be moving on. >> thank you. olympus says it has swung back to a second squaur profit reversing a an earlier loss of $388 million. cost cuts including slashing 7% of its workforce helped to push up profits at the firm. brisk sales of medical devices also boosted earnings. the better than expected figures eased concerns about its weak balance sheet which was reallily bolstered by a capitalen jeks from sony. for the full fiscal year, olympus raised its forecasts to $100 million from $88 million. but the firm chopped its operating profit and full year revenue outlook due to fast trade in compact digital camera sales. so we'll have to see how investors react when markets open tomorrow morning. back to you, ross. >> okay. thank you very much. the market cap of australia's top insurer eroded on news that losses from super storm sandy will cut deeply into its bottom line. qb says it's now looking to raise half a bell i don't know dollars in debt to mak
court ruling earlier this year. htc up 6.8% respect apple up 0.4%. a and in japan, signs that o olympus may be moving on. >> thank you. olympus says it has swung back to a second squaur profit reversing a an earlier loss of $388 million. cost cuts including slashing 7% of its workforce helped to push up profits at the firm. brisk sales of medical devices also boosted earnings. the better than expected figures eased concerns about its weak balance sheet which was reallily bolstered by a...
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Nov 20, 2012
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courts will deal with this. regulators will deal with this. we have yet to hear from former management at autonomy to see what they have to say about these allegations. >> i tell you what, one thing is for sure. this has moved the bar by which "bad" ceo and "bad" deals are judged. if this comes to be the way that hp alleges. it's not an aol/time warner and not a countrywide but it was a bad deal. it wasn't just the deal itself but it immediately impacted hp stock price at the time it was done because people questioned the strategy which they had a right to and he was out the door not very long after. >> strategy and premium to the shares. multiple was in question at that time. the stock was down about 70% since then. obviously there are a lot of other things going on. secular decline in business doesn't help either. certainly this is going to -- this is one thing that put that company on that track lower. you can see the stock moved down. that big drop that we saw in 2011. >> do their own methodology to come up with a number they believe would
courts will deal with this. regulators will deal with this. we have yet to hear from former management at autonomy to see what they have to say about these allegations. >> i tell you what, one thing is for sure. this has moved the bar by which "bad" ceo and "bad" deals are judged. if this comes to be the way that hp alleges. it's not an aol/time warner and not a countrywide but it was a bad deal. it wasn't just the deal itself but it immediately impacted hp stock price...
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Nov 16, 2012
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and -- >> yeah, from boehner i am. the president has now painted himself -- painted those guys in to -- how many times has he drawn a line in the sand about that high right on 250. he's made a point and he can't possibly go back on that now, can he? >> i think he can. look, i think he's drawing a line on getting money from those people, there people making 250 and above. but he hasn't drawn a line on how he gets that money. he's said at his news conference i'm skeptical that you can do enough in loopholes and exclusions to get the money that we need for a deal from that group. but he also said i'm open to new ideas. so if there is in fact an effort to close some loopholes that gets you some of the way there, you can certainly see the president, i could anyway, compromising somewhere between 35 and 39.6 on a slightly higher rate. if shall be caomebody came up w source of revenue which didn't change the distribution of the tax burden, figure out a way to do it without a top rate. i kind of expect what's going to happen i
and -- >> yeah, from boehner i am. the president has now painted himself -- painted those guys in to -- how many times has he drawn a line in the sand about that high right on 250. he's made a point and he can't possibly go back on that now, can he? >> i think he can. look, i think he's drawing a line on getting money from those people, there people making 250 and above. but he hasn't drawn a line on how he gets that money. he's said at his news conference i'm skeptical that you can...
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Nov 20, 2012
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court appointment tomorrow on a potential liquidation. >> all right, kayla. thanks very much. we'll be watching that as it develops. so what happens next? hewlett-packard disclosing an $8.8 billion accounting charge this morning because it massively overvalued a company called autonomy that hp acquired last year. hewlett ceo says her company was duped. the founder of the company at the center of the controversy is up next. he's going to give us his side of the story exclusively. autonomy founder, michael lynch here with me coming up. join me for that. >>> up next, the latest conflict between israel and hamas rippling across the globe. bank of israel governor stan fischer speaks with me after this short break. >>> how's this for a geek factoid? fischer gave bernanke an "a" plus when he studied under him at m.i.t. stick around to see if he's still making the grade for stan fischer. a restaurant is hard, try running four. fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our
court appointment tomorrow on a potential liquidation. >> all right, kayla. thanks very much. we'll be watching that as it develops. so what happens next? hewlett-packard disclosing an $8.8 billion accounting charge this morning because it massively overvalued a company called autonomy that hp acquired last year. hewlett ceo says her company was duped. the founder of the company at the center of the controversy is up next. he's going to give us his side of the story exclusively. autonomy...
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Nov 16, 2012
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supreme court ruled that the takeover was illegal and orpded the government to return it. on the day it was supposed to have been returned, the government send in its soldiers to prevent lord ashcroft and the rightful owners from reclaiming it. this is the type of government we live in. number two, please google the abuses of the gang suppression unit. i think if you do that, you'll see the position that i am in and you will understand my reluctance to turn myself in. those are the only two things i ask the world to do. >> how far are you willing to go with this, john? >> all the way, sir. >> what does that mean? >> well, i will continue to fight this until i am -- as long as i'm still breathing. >> are you prepared to die? >> well, obviously that's what i think will happen if i am detained. that's certainly a possibility. >> we certainly don't wish that on you. john, somehow we hope that this ends peacefully with the killing of your neighbor being solved. john mcafee, be safe. take care. thank you for calling us. we do appreciate it. we know that it is a very, very diffic
supreme court ruled that the takeover was illegal and orpded the government to return it. on the day it was supposed to have been returned, the government send in its soldiers to prevent lord ashcroft and the rightful owners from reclaiming it. this is the type of government we live in. number two, please google the abuses of the gang suppression unit. i think if you do that, you'll see the position that i am in and you will understand my reluctance to turn myself in. those are the only two...
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Nov 15, 2012
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the federal court reviews the motion. b.p., a record $4 billion fine pleading guilty to 14 criminal charges involving the mcconda well explosion. >> thank you very much for that. unbelievable story. when we come back, big opportunities and big data. zachary bogue happens to be married to yahoo! ceo marissa meyer. why he cease this as a multi-billion dollar economy. back after a break. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. if you're a man with low testosterone, you should know that axiron is here. the only underarm treatment for low t. that's right, the one you apply to the underarm. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become p
the federal court reviews the motion. b.p., a record $4 billion fine pleading guilty to 14 criminal charges involving the mcconda well explosion. >> thank you very much for that. unbelievable story. when we come back, big opportunities and big data. zachary bogue happens to be married to yahoo! ceo marissa meyer. why he cease this as a multi-billion dollar economy. back after a break. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our...
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Nov 12, 2012
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you heard john boehner say that already. we've had voteses in the senate where we've gotten rid of tax credits. i think that's a given. and i think that the vast majority of measures agree with that. the question is how do you do that and how do you allow taxes to rise at the same time you fix the real problem and that's uncontrolled entitlement spending and a government that has grown massively. >> i think if the house stands for anything, it's cut government spending as tom coburn said and i think we'll have to do more of it. we heard the mandate in 2010 where it was a clear mandate cut spending and we did, we cut $900 billion in spending that he can't like painful tos us. >> we'll continue our call to rise bol politics and make a deal. oufr guests this morning include mike jackson and also david zaslav. and the head of maris group. and douglas holtz-eakin. >> let's talk about eurozone finance ministers meeting to discuss whether to release a new tranche of fund to go greece. the leaders are not expected it to okay the fun
you heard john boehner say that already. we've had voteses in the senate where we've gotten rid of tax credits. i think that's a given. and i think that the vast majority of measures agree with that. the question is how do you do that and how do you allow taxes to rise at the same time you fix the real problem and that's uncontrolled entitlement spending and a government that has grown massively. >> i think if the house stands for anything, it's cut government spending as tom coburn said...
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Nov 19, 2012
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at 1.6 and we're talking about four total so that's 2.4 to 1.6 would be 1.5 to 1, when he was with boehner, 800, wanted another 4. >> you were in the room so you know. >> first of all, since we talk about bowles-simpson so much, bowles-simpson has a 1:1 ratio. >> it doesn't. >> i thought it's 1:4. >> it's 1:3. >> in the way the bowles-simpson frame was put out something people didn't realize was that in terms of the revenue number they weren't counting the expiration of the high income tax cuts which they proposed to get rid of. apples to apples, in terms of the way people are currently adding up their math, it's approximately a 1:1 ratio. >> erskine bowles said you should look at 3:1 in terms of spending cuts to revenue. >> i'm just saying what was in bowles-simpson. >> let's not forget about growth, we need to stimulate growth and a lot of it on the innovation side. >> david thank you, appreciate it i put away money. i was 21, so i said, "hmm, i want to retire at 55." and before you know it, i'm 58 years old. time went by very fast. it goes by too, too fast. ♪ but i would do it again i
at 1.6 and we're talking about four total so that's 2.4 to 1.6 would be 1.5 to 1, when he was with boehner, 800, wanted another 4. >> you were in the room so you know. >> first of all, since we talk about bowles-simpson so much, bowles-simpson has a 1:1 ratio. >> it doesn't. >> i thought it's 1:4. >> it's 1:3. >> in the way the bowles-simpson frame was put out something people didn't realize was that in terms of the revenue number they weren't counting the...
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Nov 16, 2012
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boehner appreciates that, dana. just looking at their body language sitting around the table, they're all smiling awkwardly and trying to get along, so hopefully as the morning progresses, you know, the talks will be cordial and arrive at some sort of conclusion. do you have any hopes an actual plan will be developed from this meeting? >> the bright lines over which neither side will cross will likely be established. the players have been very careful not to draw the bright lines in public, for example, the president now publicly at least has made clear that, yes, he promised during the campaign to raise those rates for those families making $250,000 or more but he is also in the next sentence said i am open if anybody has any other ideas to figuring out how to raise other tax revenue in order to achieve his goal which is deficit reduction, about a trillion dollars in deficit reduction. those kinds of lines and paramete parameters. >> dana bash, thank you so much. i know you're busy today. we appreciate you giving y
boehner appreciates that, dana. just looking at their body language sitting around the table, they're all smiling awkwardly and trying to get along, so hopefully as the morning progresses, you know, the talks will be cordial and arrive at some sort of conclusion. do you have any hopes an actual plan will be developed from this meeting? >> the bright lines over which neither side will cross will likely be established. the players have been very careful not to draw the bright lines in...
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Nov 17, 2012
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this obviously being the most pressing one. he's incentivized to get a deal done and the republicans are certainly incentivized to get a deal done because nobody wants to see this economy slide into recession because washington can't figure it out. >> that's certainly true. at least both sides are talking, and, hey, you know what? maybe we'll see a compromise. trish regan, thank you so much. >> you bet, randi. >> enjoy your day. >>> a huge victory for minority students in michigan. a federal appeals court strikes down a ban against affirmative action for college admissions, but is that the last word on this heated issue? we'll have a live discussion about it next. . [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] alka-seltzer plus liquid gels speeds relief to your worst cold symptoms plus has a decongestant for your stuffy nose. thanks. that's the cold truth! and you pick the price that works for you. great. whoa, whoa, jamie. watch where you point that thing. [ mocking ] "watch where you
this obviously being the most pressing one. he's incentivized to get a deal done and the republicans are certainly incentivized to get a deal done because nobody wants to see this economy slide into recession because washington can't figure it out. >> that's certainly true. at least both sides are talking, and, hey, you know what? maybe we'll see a compromise. trish regan, thank you so much. >> you bet, randi. >> enjoy your day. >>> a huge victory for minority...
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Nov 12, 2012
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i want to read a statement that jill kelly and her husband have released to the press. we and our family have been friends with general petraeus and his family for over five years. we respect his and his family's privacy and want the same for us and our three children. we can tell you that a source has told cnn that the e-mail that she received allegedly from paula broadwell was, quote, jealous in tone but the source did not know anything more about the content of this e-mail or whether there was more than one e-mail. we do know that the source said that miss kelley went to the fbi in tampa where she lives. so there you go. the other woman, whatever you want to make of her, has now released saying that they are close with the petraeuses and they, too, have children. so many questions left to be asked. we're back in a moment. [ male announcer ] this is bob, a regular guy with an irregular heartbeat. the usual, bob? not today. [ male announcer ] bob has afib: atrial fibrillation not caused by a heart valve problem, a condition that puts him at greater risk for a stroke. [
i want to read a statement that jill kelly and her husband have released to the press. we and our family have been friends with general petraeus and his family for over five years. we respect his and his family's privacy and want the same for us and our three children. we can tell you that a source has told cnn that the e-mail that she received allegedly from paula broadwell was, quote, jealous in tone but the source did not know anything more about the content of this e-mail or whether there...
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Nov 12, 2012
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house speaker, john boehner, wants to keep all the bush tax cuts in place. he's starting to talk about closing up tax loopholes. conservative pundit and weekly standard editor bill kristol said it's time for republicans to come so some sort of compromise. >> conservative movement has to pull back, let people float new ideas, let's have a serious debate. don't scream and yell when one person says it won't kill the country if we raise taxes a little bit on millionaires. it really won't, i don't think. i don't understand why republicans don't take obama's offer? >> cnn's senior congressional correspondent dana bash is live for us in washington, d.c. what do you make of his comments? >> soledad, look, bill kristol is not an elected official. he doesn't get a vote. but he is a very influential gop voice here in washington. and around the country. and for him to tell republicans it wouldn't kill to them to agree to tax increases for millionaires. it's a big deal. and we heard some similar talk from republicans who do have a vote like senator bob corker. listen to
house speaker, john boehner, wants to keep all the bush tax cuts in place. he's starting to talk about closing up tax loopholes. conservative pundit and weekly standard editor bill kristol said it's time for republicans to come so some sort of compromise. >> conservative movement has to pull back, let people float new ideas, let's have a serious debate. don't scream and yell when one person says it won't kill the country if we raise taxes a little bit on millionaires. it really won't, i...
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Nov 16, 2012
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boehner has said similar things. the administration seems to be open to perhaps tax rates not going up quite as much as they initially proposed but they're still absolutely insistent on those tax rate increases of some size. there's a lot that has to come together in a short period of time in order to get a deal. it's not impossible. but i think the risk of at least temporarily going over this cliff is significant. >> so, zanny minton-beddoughs says it's not a cliff. it's like a blue slope on a ski slope. christine says it's a cliff like a black diamond. >> big black diamond. >> other people have said it's a gentle slope like a sunny day slope down the hill. what is it, do you think? >> the problem is we're going to start going downhill and not know exactly whether it's a blue slope or a double diamond. you don't know exactly what's ahead of you, because we don't know how quickly a deal will come together. that's the problem. if on january 2nd the leadership of the congress and the president say, don't worry. we've g
boehner has said similar things. the administration seems to be open to perhaps tax rates not going up quite as much as they initially proposed but they're still absolutely insistent on those tax rate increases of some size. there's a lot that has to come together in a short period of time in order to get a deal. it's not impossible. but i think the risk of at least temporarily going over this cliff is significant. >> so, zanny minton-beddoughs says it's not a cliff. it's like a blue...
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Nov 17, 2012
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in this dangerous game of tit for tat, both sides are vowing to press ahead. sara sidner is live in gaza. the prime minister visited to show support for the people there. sara, you've done remarkable work covering this for people around the clock. what is happening in gaza now? are people bracing for a ground assault from israel? >> they're certainly worried about one, very, very worried about a ground assault. they've been dealing all day with air strikes, and we have seen them ourselves. we've had to take cover several times. these air strikes are getting louder and more and more powerful, it sounds like, throughout the day, but we are also seeing the skies criss-cross with the telltale sign of rocket fire, seeing the trail of smoke that rockets often leave behind. now, we do also know that the hospitals here are becoming overwhelmed. the main hospital we visited today, there were people coming in every 15 minutes, sometimes coming in by ambulance, sometimes it was just neighbors and friends and family members driving their cars up to the emergency side and
in this dangerous game of tit for tat, both sides are vowing to press ahead. sara sidner is live in gaza. the prime minister visited to show support for the people there. sara, you've done remarkable work covering this for people around the clock. what is happening in gaza now? are people bracing for a ground assault from israel? >> they're certainly worried about one, very, very worried about a ground assault. they've been dealing all day with air strikes, and we have seen them...
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Nov 17, 2012
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this is not the most serious story we have but it did go to court. that is why it is a legal story. >> well, if you're a possum, it is. >> and also if you're peta, first of all the owner has hosted the possum, in a town about hundred miles west of asheville in north carolina. and it involves trapping the possum in a cage and lowering it. now the judges seemed to not -- using a wild possum, the judge ordered them to release or kill the animal. that is the weird irony. so peta sued for the trement of animals. it sounds funny, but there is a legal issue involved. >> i actually feel bad for the possum, i think the north carolina department of wildlife made up a permit so they could issue this to mr. logan. and i think the administrative law judge who wrote an 18-page opinion, among other things, patrick henry. was right. there is no right to capture or hold a wild animal. so at the end of the day no possum drop there unless the estate legislature changes the law, i don't think that is going to happen. >> who is timmy the guerilla? >> actually, he passed
this is not the most serious story we have but it did go to court. that is why it is a legal story. >> well, if you're a possum, it is. >> and also if you're peta, first of all the owner has hosted the possum, in a town about hundred miles west of asheville in north carolina. and it involves trapping the possum in a cage and lowering it. now the judges seemed to not -- using a wild possum, the judge ordered them to release or kill the animal. that is the weird irony. so peta sued...
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Nov 14, 2012
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understand he had out there at the end point for the failed grand bargain negotiations with speaker boehner. you know how these things work. everyone stakes out their two sides and ultimately, the final decision is somewhere in the middle. >> that's right. big negotiating game. this is a starting point. brianna keilar, great to see you this morning. >> it is seven minutes past the hour. will she or won't she? do you know? >> i wish i did. >> politicos in washington want to know if nancy pelosi will seek another term as house minority leader. the 72-year-old california democrat is expected to announce her decision today. pelosi has scheduled leadership elections for november 29th. that's later than usual. and that's prompted speculation that the former speaker may relinquish her role as a top house democrat. they say she's holding this very close to the vest. >>> and coming up on "starting point," former house speaker and gop presidential hopeful newt gingrich and his wife callista. their take on the presidential election, and will also weigh in on the petraeus scandal. >> and keep it on cnn
understand he had out there at the end point for the failed grand bargain negotiations with speaker boehner. you know how these things work. everyone stakes out their two sides and ultimately, the final decision is somewhere in the middle. >> that's right. big negotiating game. this is a starting point. brianna keilar, great to see you this morning. >> it is seven minutes past the hour. will she or won't she? do you know? >> i wish i did. >> politicos in washington want...
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Nov 14, 2012
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we'll hear from white house court reporter briana keiller and fran townsend and former governor of michigan jennifer granholm, host of "the war room" on current tv. >>> the last time the president held an official news conference, rick santorum appeared to have the edge over mitt romney in republican primaries, and the first campaign reallily was two months away. that was back in march 6th. fast forward to today we want to bring in briana keiller. it's expected that the fiscal cliff is going to be a big topic, but also the scandal that broke about the former cia chief, david petraeus. how does the president essentially stay on message and move on to the economy? >> well, is he going to be trying to turn this to the economy, suzanne, but the fact is he will be definitely getting questions about the scandal, about general petraeus, and certainly about his faith in general allen, so that is going to be a topic. he will try to pivot to the economy and to talk about the fiscal cliff, which is obviously his number one priority trying to get that resolved, and we also expect that he will be here t
we'll hear from white house court reporter briana keiller and fran townsend and former governor of michigan jennifer granholm, host of "the war room" on current tv. >>> the last time the president held an official news conference, rick santorum appeared to have the edge over mitt romney in republican primaries, and the first campaign reallily was two months away. that was back in march 6th. fast forward to today we want to bring in briana keiller. it's expected that the...
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Nov 12, 2012
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>> you know, a few of them are really pressing for that to happen. it's not going to happen this thursday at these closed hearings that we're having on benghazi and libya. the guy in the hot seat will be michael morrell. he will be asked next friday when general petraeus offered his resignation to step up and become the acting director. he is a career veteran. he has been on this benghazi investigation since day one and feels very passionately about it. i'm sure that he will be able to answer questions just as david pets yas could. >> susan kelli, thank you. >>> even before david petraeus dropped the bombshell and resigned, it was well known that there were several senior officials in the obama administration looking to leave for the second term. secretary of state lilg healthing hillary rodham clinton and leon panetta both expected to depart. likewise, the president might have to find replacement for treasury secretary timothy geithner and attorney general eric holder if they decide that they, too, would like to leave. toipt bring in our white house
>> you know, a few of them are really pressing for that to happen. it's not going to happen this thursday at these closed hearings that we're having on benghazi and libya. the guy in the hot seat will be michael morrell. he will be asked next friday when general petraeus offered his resignation to step up and become the acting director. he is a career veteran. he has been on this benghazi investigation since day one and feels very passionately about it. i'm sure that he will be able to...
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Nov 13, 2012
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it's not such a good court case, but this is the kind of avenue it could take. it probably won't, but i can't say for sure. >> i was going to ask you, you know, this is such a sordid story -- and we don't know if it's a sordid story on general allen's part because we don't know what those communications said, right? >> well, they've withdrawn his nomination for commander of nato for inappropriate e-mails. that tells me it's fairly serious. but, again, that speculation. what this whole story is from benghazi to petraeus to broadwell, the rest of it is really sort of a tawdry soap opera. first these things come up the first time, you think, oh, there's a political scandal at the bottom of it. go the to be benghazi. the longer this goes on, the less it looks like it's about benghazi. >> i'm a citizen, my biggest concern is our troops in afghanistan. my biggest concern is intelligence failures in the united states. will this sordid soap opera affect those very important things? >> it does. you know, we don't look serious. the world is at crisis now. especially in th
it's not such a good court case, but this is the kind of avenue it could take. it probably won't, but i can't say for sure. >> i was going to ask you, you know, this is such a sordid story -- and we don't know if it's a sordid story on general allen's part because we don't know what those communications said, right? >> well, they've withdrawn his nomination for commander of nato for inappropriate e-mails. that tells me it's fairly serious. but, again, that speculation. what this...
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Nov 13, 2012
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this is very pressing. something that's coming up here at the end of the year. i will tell you since this new news about general allen broke overnight, the white house has not commented on this. it's not really their way to comment on a personnel issue like this. there is obviously the white house briefing today midday and jay carney is going to be absolutely peppered with questions over this. president obama has a full week focusing on the fiscal cliff. today he's meeting with progressive leaders, labor leaders. tomorrow he's meeting with business leaders. all that leading up to friday when meeting with the top democrat and republican from the house and nsenate to work this out. the other question has to do with how does this affect president obama's policy when it comes to afghanistan? general allen, depending on how this plays out, is overseeing things in afghanistan. obviously, a very critical time. the president thohas to figure how he moves the remaining troops in afghanistan, combat troops out of afghanistan by the end of 2014. the one thing you can point
this is very pressing. something that's coming up here at the end of the year. i will tell you since this new news about general allen broke overnight, the white house has not commented on this. it's not really their way to comment on a personnel issue like this. there is obviously the white house briefing today midday and jay carney is going to be absolutely peppered with questions over this. president obama has a full week focusing on the fiscal cliff. today he's meeting with progressive...
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Nov 15, 2012
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case can and need to gather their evidence and need to be able to be sure it's going to stand up in court. if you let too much of that out in the open too early it could hurt new the end. >> suzanne kelly, live in washington. >>> workers as a walmart warehouse in southern california are demanding better working conditions and they went on strike because of it. it's part of a larger initiative expected to unfold in the coming weeks in an effort to improve wages and benefits for walmart workers. if the strike happens, it will happen during one of the busiest shopping days of the year. black friday. joining me now is chris allen, a worker at the walmart warehouse in ontario, california. good morning, chris. >> good morning. >> first of all, telling me what you guys do in the warehouse. >> well, we unload walmart freight and we load it on to other trailers to go out to other walmarts in southern california region here. >> and what are the working conditions like inside the warehouse? >> well, the working conditions can through the summer we were working through the summer, it's been very hot.
case can and need to gather their evidence and need to be able to be sure it's going to stand up in court. if you let too much of that out in the open too early it could hurt new the end. >> suzanne kelly, live in washington. >>> workers as a walmart warehouse in southern california are demanding better working conditions and they went on strike because of it. it's part of a larger initiative expected to unfold in the coming weeks in an effort to improve wages and benefits for...
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Nov 13, 2012
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the supreme court, 33%. will these events, though, over the past few days, change that confidence in the military? >> well, it's just too early to be sure. we don't have the facts on general allen. it's simply an investigation. i do think that the public's confidence in the military is tied up with public administratiadmiration for the job that the military has done and these ten long years of war, in very difficult battlefields in iraq and afghanistan, as general kimmitt knows, as well as anyone. and one obviously takeaway for me, as i read these really quite sad personal stories of general petraeus and now the investigation of general allen, is, these commanders and all of the officers and soldiers serving under them had been away from home for so long, on repeated, prolonged deployments. general petraeus spent most of the last ten years apart from his wife, holly. i can't say about general allen, but that's just a tremendous burden for people to bear, personally. it's easy to forget about it and kind of c
the supreme court, 33%. will these events, though, over the past few days, change that confidence in the military? >> well, it's just too early to be sure. we don't have the facts on general allen. it's simply an investigation. i do think that the public's confidence in the military is tied up with public administratiadmiration for the job that the military has done and these ten long years of war, in very difficult battlefields in iraq and afghanistan, as general kimmitt knows, as well...
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Nov 15, 2012
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donate today. >>> a major court decision comes down on affirmative action. lisa sylvester's monitoring that, some other top stories in "the situation room" right now. what's the latest, lisa? >> wolf, the state ban on affirmative action in college admissions has been declared unconstitutional. students voted to approve a ballot initiative that bans race as a factor in selecting students and hiring public employees. the six u.s. circuit court of appeals today said that the admissions aspect should be debated at each public university rather than be decided by a constitutional ban. the fda is investigating 13 deaths that may be tied to the popular caffeine boost 5-hour energy. since 2009 there have been 90 reports of incidents linked to the drink. more than 30 deemed serious including heart attacks, convulsions and one spontaneous abortion. the fda was investigating five deaths tied to monster energy drinks. and disney's magic kingdom is about to get more magical. cnn affiliate wesh got a sneak peek of the newest addition to the park and expanded fantasy land.
donate today. >>> a major court decision comes down on affirmative action. lisa sylvester's monitoring that, some other top stories in "the situation room" right now. what's the latest, lisa? >> wolf, the state ban on affirmative action in college admissions has been declared unconstitutional. students voted to approve a ballot initiative that bans race as a factor in selecting students and hiring public employees. the six u.s. circuit court of appeals today said that...
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Nov 14, 2012
11/12
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finally -- >> press the stop button. >> a young man did press the stop button and grab bed the business man. >> the weird thing about this chap was the minute that we pressed the stop button. he had an opportunity to walk down the steps, turned down and walked the other way. >> the escalator ride of his life is over and he may never know he took it until he sees this video. ♪ >> neither up nor down in this case. jeanne moos, cnn.
finally -- >> press the stop button. >> a young man did press the stop button and grab bed the business man. >> the weird thing about this chap was the minute that we pressed the stop button. he had an opportunity to walk down the steps, turned down and walked the other way. >> the escalator ride of his life is over and he may never know he took it until he sees this video. ♪ >> neither up nor down in this case. jeanne moos, cnn.
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Nov 20, 2012
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i also think we'll get tax reform and that's what speaker boehner's talking. that is scaling back the deductions and credits in the tax code for higher income households and that would generate revenue and the combination of two things would i think get us to a place where we need to go where we generate revenue. at the end of the day if we solve the fiscal problems long run we need not only more tax revenue we also need more spending cuts and fair share of that has to come from reforms of the medicare and social security system. so, we have to do all of the above i think that's what we're working towards. >> all right. mark zandi, thank youcjç very m. hope that we get that resolved before january. appreciate it. >>> gaza, of course, one of the most densely populated areas in the world. neighbor to israel and egypt. territory home to palestinians and hamas. the violence there could spread throughout the middle east. we'll take a closer look at gaza as well as the region. they've been committed to putting clients first. helping generations through tough times.
i also think we'll get tax reform and that's what speaker boehner's talking. that is scaling back the deductions and credits in the tax code for higher income households and that would generate revenue and the combination of two things would i think get us to a place where we need to go where we generate revenue. at the end of the day if we solve the fiscal problems long run we need not only more tax revenue we also need more spending cuts and fair share of that has to come from reforms of the...
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Nov 12, 2012
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the supreme court made abortion a national issue in 1973. people have strong moral views on both sides of an issue. believes that are very important in their lives. we cannot expect them to be expelled from politics and government makes the decisions. >> people talk a lot about bipartisanship or unity. i think there are types of a false unity we should talk about. one is where we pretend values are things that can be laid at the political doors. i think michael was very eloquent about why it has never been and why it cannot be. the other kind is when one party says to the other that unity is on my terms. when i hear a lot of times people on the right, i get the impression unity will be fine as long as we are only talking about the shade of red from rose to ruby. on the left the underlying assumption has been, we really won the election -- even though you did not win the house. the unity will be the shade of blue you can accept. i think what americans want is for us to look at america as a marriage. the democrats and the republicans are the s
the supreme court made abortion a national issue in 1973. people have strong moral views on both sides of an issue. believes that are very important in their lives. we cannot expect them to be expelled from politics and government makes the decisions. >> people talk a lot about bipartisanship or unity. i think there are types of a false unity we should talk about. one is where we pretend values are things that can be laid at the political doors. i think michael was very eloquent about why...
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Nov 17, 2012
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is 22% a reasonable goal? that is one way of going about it. the other way is setting a numerical target for spending and taxation. on the tax side, it is easier. you can change the tax law. you cannot change, i do not think you can have a lot of control of spending for 10 years. >> there is an interesting issue in policy. it is extremely difficult to rescind entitlements to which people think they are legally entitled. as you are doing that, you are abrogating contracts of some form. there are all sorts of constituencies under every entitlement program which support it. the issue is taxes can always go up and down. there are not the same political pressures there. i think the issue is fundamentally spending. if we have to pay a high price in raising taxes temporarily in order to get spending down, i think that is a good deal. i do not think you can continuously keep this deficit open. if you raise taxes, we will turn the economy down. if the cost of getting out from under the problem is a moderate recession, i would say it is a cheap price. so
is 22% a reasonable goal? that is one way of going about it. the other way is setting a numerical target for spending and taxation. on the tax side, it is easier. you can change the tax law. you cannot change, i do not think you can have a lot of control of spending for 10 years. >> there is an interesting issue in policy. it is extremely difficult to rescind entitlements to which people think they are legally entitled. as you are doing that, you are abrogating contracts of some form....